Zed The Financialist @zedthefinancialist - Tumblr Blog

Top 10 Cryptocurrencies in 2021

1.Bitcoin (BTC) Market cap: Over $1.17 trillion Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Bitcoin has become a household name. With the increased value the coin it set to retain its name. In 2016, you could buy a Bitcoin for about $500; as of…

View On WordPress

5 Easy Tips For Investing In Bitcoin

If you do decide that you want to try Bitcoin investing, be sure to explore the following tips: 1. Understand your risk tolerance Bitcoin is often considered a high-risk investment, and you should carefully review your risk tolerance before you invest. If you don’t feel comfortable investing in volatile assets or only have a small sum of money to invest, you may want to consider other…

View On WordPress

How to Invest in Bitcoin in 5 Steps

Here’s how to invest in Bitcoin, in 5 easy steps: Join a Bitcoin Exchange Most Bitcoin investors use cryptocurrency exchanges as there’s no official “Bitcoin” company because it’s an open-source technology, but there are several different exchanges that facilitate Bitcoin transactions such as coinbase, Kraken, Binance, Gemini, Bitfinex and the like. It’s important to do you your own die…

View On WordPress

What Is Cryptocurrency all about? Here’s What You Should Know

Did you know 1 Bitcoin equals 7,006,391.50 Kenyan Shilling What is Cryptocurrency Anyway? A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. More than 13,000 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website.…

View On WordPress

Top 6 Personal Finance Myths That Need To Be Busted

1. Myth: Spend first and save later Reality: Let’s face it. We keep dipping into our bank account for different things – including “important” ones like the new mobile phone. Expenses have a habit of eating up all that is readily available – and your savings account is the first one. The practice of spending first and saving later often puts strain on the savings fund. Pay yourself first, save…

View On WordPress

Money problems? Here's how financial therapy might help

Money problems? Here’s how financial therapy might help

You can make the perfect plan on paper, but if you have hang ups about money, anxieties and fears about money, you’re not going to make that plan work. 1. Understanding your triggers Some of the trigger that may lead you to money problems include; High levels of debt and insufficient funds to pay off the debtUnexpected loss of income or assetsIncrease in financial responsibilities, such as…

View On WordPress

5 Things Everyone Should Know About Money

Manage your debt Debt isn’t always a bad thing, its only a bad thing if its not managed. First things first: Make a list of all your outstanding debts. Include the interest rate on each so you’ll be able to determine which ones are causing you the most financial pain. The two most popular strategies are to pay off balances with the highest interest rates first or to pay off the lowest balances…

View On WordPress

FAQs; What's the difference between a Fixed Deposit Account and Savings account

FAQs; What’s the difference between a Fixed Deposit Account and Savings account

A savings account is an interest-bearing deposit account held at a bank or other financial institution. A fixed deposit account is an account in which you deposit money for a specified fixed tenure and at a specified interest rate. Lets dive deep into the differentiating factors; Operational Purpose Savings bank account are primarily opened by individuals for undertaking their personal…

View On WordPress

5 Tricks to Getting the Lowest Mortgage Rate

1. Boost your credit score The higher your credit score, the more likely mortgage lenders will be open offer you a low interest rate on a home loan. Your goal should be building a good credit score so that your its easier to get multiple options for your lenders. Additionally, start by paying your loan obligations on time, which will improve your payment history and lower your credit utilization…

View On WordPress

What You Need to get a mortgage: Here's a mortgage checklist you will need.

What You Need to get a mortgage: Here’s a mortgage checklist you will need.

Here is a mortgage checklist you will need. A signed mortgage application formOriginal copies of your identification documents, ID or PassportAn introduction letter from your employer (for those employed)3 months’ payslipCertified bank statement for at least 6 monthsLetter of offer or a sales agreement (when looking to purchase)Your KRA PIN certificateThree passport size photographsSale…

View On WordPress

How To Manage Your Mortgage During a Pandemic

Access your redraw or offset If you’ve been paying extra on top of your minimum monthly repayment, you may have surplus funds sitting in your home loan available for you to use. You could withdraw these funds to help with living expenses or ask for your payments to be taken from these extra funds. Offset accounts are like everyday transaction accounts, giving you easy access to your money.…

View On WordPress

Things You Need to Know Before Getting a Mortgage

1. Learn about different types of mortgages. It’s worth getting educated about the different types of mortgages before settling for a loan. In Kenya we have different mortgages; There is Home purchase- this is where you are financed to buy a home, Construction Mortgage is where you have a private land and you want financing to build others include refinancing, equity release. Additionally, use…

View On WordPress

Renting A House Vs Buying: 5 Steps To Making Your Decision

1. Consider mobility & flexibility This factor largely depends on the mobility required either by your job, business or lifestyle. For example, renting is the better option if you prefer to be more nomadic while buying may be an option if you intend to transition after sometime e.g. expatriates on assignments. Life does happen. It’s hard to predict what can happen next. If you intend to stay in…

View On WordPress

Should You Start a Business Solo or With a Business Partner?

1.Consider your overall vision Are you embarking upon your own vision, or is that vision shared with your potential partner? If you own the vision then going it alone will certainly give you full autonomy and control of your business, but if its a shared vision then you can easily team or better yet a partner may allow you to expand into a more dynamic approach. 2. Expertise You can only be…

View On WordPress

5 Rules for Investing in Someone Else's Business

5 Rules for Investing in Someone Else’s Business

1. Cherry-pick your Investments Before you can invest in any business, first ensure you have your investment goals in place and the criteria for engaging in each. Then you can be able to gauge whether that investment suits your criteria and your eventual masterplan. If you haven’t established your own investment goals, do not invest in anything until you do so. If you have no standards, you…

View On WordPress

5 Alternatives to Starting Your Own Business

Intrapreneurship An intrapreneur is an individual who works on developing new ideas and products within the confines of the business that they already work at. Intrapreneurs include any person within the company that applies entrepreneurial skills, vision, and forward thinking into the role that they have in the company. Some companies have structures encouraging employees to pioneer new…

View On WordPress

Starting A Business Vs Investing: Which Is Better?

Diversifying your income is one of the ways to gain financial independence. To diversify your income means adding multiple streams of revenue to supplement your current job or hustle. if your salary is your only source of Income, you’re one step away from poverty.Warren Buffet To begin with, nothing is easy both investments and business need money and time in anticipation of future profit or…

View On WordPress

Trending Blogs

Recently Viewed Blogs

Zed The Financialist